- Alibaba Group Holding Limited (NYSE:BABA) kicked off its seventh Maker Festival in Guangdong, China, the province with the maximum Taobao stores, Pandaily reports.
- Founded in 2016, the Maker Festival evolved into Alibaba’s flagship event.
- This year’s seven-day event brings together established brands and budding entrepreneurs in a day-long entrepreneurship forum on August 24, followed by a showcase of creations from 100 merchants in an offline exhibition from August 26 to 30.
- Alibaba shared new support measures for small and medium-sized enterprises (SMEs) on its e-commerce platforms Taobao and Tmall.
- For the Maker Festival 2022, Taobao and Tmall will double down on merchant support measures which will center around reducing operating costs.
- During the last fiscal year, Taobao and Tmall waived fees on specific platform tools and services to support micro, small and medium-sized enterprises.
- On Taobao and Tmall, over 20,000 newly joined merchants generated over 1 million yuan ($145,730) in GMV during the second quarter of 2022.
- China’s shopping extravaganza “618” (from May 31 to June 18) registered a GMV of 695.9 billion RMB from the major e-commerce platforms.
- The GMV of traditional e-commerce platforms was 582.6 billion, led by Alibaba.
- Price Action: BABA shares traded higher by 3.25% at $95.96 premarket on the last check Thursday.
- Photo by Rico Shen via Wikimedia Commons
FDA Adcomm Gives Thumbs Down To Amgen’s Lumakras For Advanced Form Of Lung Cancer
FDA advisers concluded that the data from a late-stage trial lacked the requisite reliability to endorse the traditional approval of Amgen Inc's (NASDAQ: AMGN) Lumakras for patients afflicted with an advanced
